News & Events

Luse Gorman Served as Legal Counsel to Greene County Bancorp, Inc. in its $30.0 Million Subordinated Debt Issuance

September 17, 2021

On September 15, 2021, Greene County Bancorp, Inc., Catskill, New York, the holding company for The Bank of Greene County, completed a private placement of $30.0 million of its 3.00% Fixed-to-Floating Rate Subordinated Notes due 2031.

Luse Gorman Served as Legal Counsel to Lakeland Bancorp, Inc. in its $150.0 Million Subordinated Debt Issuance

September 16, 2021

On September 15, 2021, Lakeland Bancorp, Inc., Oak Ridge, New Jersey, the holding company for Lakeland Bank, completed a public offering of $150.0 million of its 2.875% Fixed-to-Floating Rate Subordinated Notes due 2031.

Luse Gorman served as legal counsel to Lakeland Bancorp, Inc. in the offering. The Luse Gorman team consisted of John Gorman, Greg Sobczak, Victor Cangelosi, Scott Brown and Marc Levy.

Luse Gorman has extensive experience representing issuers in public offerings and private placements of capital stock, debt, and other securities. To learn more about our Capital Markets and Corporate Finance practice, please visit our website.

Luse Gorman is Legal Counsel to Berkshire Hills Bancorp, Inc. in the Proposed Sale of its Insurance Subsidiary to Brown & Brown of Massachusetts, LLC

August 26, 2021

On August 24, 2021, Berkshire Hills Bancorp, Inc. entered into an agreement to sell its insurance subsidiary, Berkshire Insurance Group, Inc., to Brown & Brown of Massachusetts, LLC.

Luse Gorman is Legal Counsel to Tempo Bank in its Proposed Acquisition by Scott Credit Union

August 23, 2021

On August 19, 2021, Tempo Bank, Trenton, Illinois, its parent company, Sugar Creek Financial Corp., and Scott Credit Union, Edwardsville, Illinois, announced that they have entered into an agreement pursuant to which Scott Credit Union will acquire the assets and assume the liabilities of Tempo Bank in an all-cash transaction.